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Hidden Treasure: Brand-New 2006 Mitsubishi Lancer Evolution MR Edition

Car Culture / Comments

And it costs how much!?

The Mitsubishi Lancer Evolution is sadly no longer with us. The Japanese automaker has said it could be open to a revival, but it doesn't appear to be in any rush. Crossovers, hybrids, and EVs take priority. At present, anyone who wants an Evo, once the Subaru WRX STI's great nemesis, will have to look for one on the used market. Unfortunately, many Evos out there have been modified to varying degrees. Some have been done quite tastefully. Others not so much. And then we came across this sixth-generation example currently up for sale at a California Mitsubishi dealership.

What you're looking at is a pristine 2006 Mitsubishi Lancer Evolution MR Edition in Rally Red with a black interior and just 21 miles on its odometer.

South Coast Mitsubishi
South Coast Mitsubishi
South Coast Mitsubishi

How can this be? It's been sitting in the showroom for 13 years. Chances are then, this Evo IX will require a tune-up, new tires, and engine belt. Basically anything made of rubber. It's a small price to pay considering this car's factory condition. What isn't so small is the asking price: $75,999. Original MSRP: $35,189. This increased to $36,924 with destination, the $800 MR Package, and a Zero Lift Kit. It's twice the price today.

A turbocharged 2.0-liter inline-four with 286 horsepower and 289 lb-ft of torque is found under the hood, with power directed to all four wheels through a six-speed manual gearbox. The interior is also absolutely perfect with Recaro leather and Alcantara bucket seats and a Momo steering wheel. Additional features include BBS 17-inch alloy wheels, Bilstein suspension, and aluminum roof, hood, and front fenders.

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South Coast Mitsubishi
South Coast Mitsubishi
South Coast Mitsubishi

So why did this Mitsubishi dealership keep a 13-year-old car for so long? The answer is quite simple: profit. Back in 2006, South Coast Mitsubishi correctly realized the value of these Evos, specifically the MR, so it ordered more than it could initially sell. The obvious intent was to hold on to them for collectors who might be willing to spend serious bank in the years to come. That time is now. But really, $76,000? A brand new 2020 Chevrolet Corvette costs less. Heck, so does a new Subaru WRX STI. Even the limited-edition STI S209 with its eye-popping price costs $10,000 less.

South Coast Mitsubishi
South Coast Mitsubishi
South Coast Mitsubishi
South Coast Mitsubishi

The dealership's advert indicates the original asking price was $99,000, meaning it's been discounted by $24,000. Clearly a car like this requires the right buyer with deep enough pockets. Given how long this Evo IX has been sitting in this dealership's showroom (or storage garage), there doesn't appear to be any immediate rush to sell. It's not like anyone is lining up with checkbooks in hand at this price either.

South Coast Mitsubishi
South Coast Mitsubishi
South Coast Mitsubishi
South Coast Mitsubishi
South Coast Mitsubishi

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